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To be eligible for the first home owner bonus in victoria which is $11,000, the cost of the land + the cost of building the house cannot be more then $600,000 ?

The first home owner boost will be ending in december. If i buy a land now, am i eligible for the grant ? or do i actually have to start building before december ? If i purchase a land value at $350,000 and the cost of building is $300,000, am I still eligible for the first home owner bonus...